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SMM Morning Review - 2010/9/15 Zinc Market
SHANGHAI, Sept. 15 (SMM) -- The US government released on Tuesday that US retail sales in August rose by 0.4% from July levels, stronger than the forecast of a 0.3% rise. The US dollar index fell to between 81.05-81.2 last night, helping push up LME base metals prices. LME zinc prices closed at USD 2,157/mt, up USD 5/mt. Trading volumes increased by 14,000 lots to 76,682 lots, while positions fell by 3,000 lots to 231,006 lots. Special attention should be paid to the US industrial output data in August due for release today.
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